Tag: UAE VAT RCM scrap

UAE: BigMint’s scrap index inches up by $3/t w-o-w; Emirates Steel rolls over Feb’26 rebar prices

Jan 23, 2026

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by

Anshuman

in Melting Scrap

RCM-related uncertainty limits near-term spot buying Exports slow amid pending VAT clarity, bid-offer gaps UAE scrap prices increased by AED 12/t ($3/t) w-o-w in the week ended 23 January, even as steel mills largely held firm on their buying prices. Comfortable inventory levels and the steady arrival of previously booked cargoes continued to ease near-term procurement…